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HMRC starts imposing a £10 daily penalty on late self-assessment tax filers in the UK.
The UK's tax authority, HMRC, is now imposing a £10 daily penalty on individuals who missed the self-assessment tax deadline three months ago.
Penalties accumulate until the tax is paid, with an additional 8.5% interest on the outstanding balance.
A 5% penalty is added after six months, and another 5% after a year.
HMRC may waive these penalties if taxpayers can show a "reasonable excuse."
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HMRC comienza a imponer una penalización diaria de 10 libras esterlinas a los declarantes de impuestos de autoevaluación tardíos en el Reino Unido.